What is a subrecipient Agreement?
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A subrecipient agreement is a contract in which a non- UH entity carries out a defined portion of a sponsored project statement of work.
What is a CDBG subrecipient?
The CDBG regulations at 24 CFR §570.500(c) define a subrecipient as: a public or private nonprofit agency, authority, or organization, or a for-profit entity authorized under §570.201(o), receiving CDBG funds from the recipient or another subrecipient to undertake eligible activities.
Can an individual be a subrecipient?
Subrecipient means a non-Federal entity that receives a subaward from a pass-through entity to carry out part of a Federal program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency.
What is the difference between a subrecipient and a Subaward?
In such cases, one entity – the one who submitted the grant application – will serve as a pass-through to the partnering entities, which are called subrecipients. The government funding they receive to carry out their responsibilities is called the subaward.
Who is considered a subrecipient?
A subrecipient is defined as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program, but does not include an individual that is a beneficiary of such a program.
What is subrecipient monitoring?
Post-award Subrecipient Monitoring: Post-award subrecipient monitoring refers to those day-to-day activities undertaken to monitor billing and scientific progress of an active subaward.
Can a subrecipient issue a Subaward?
All Subrecipients receiving Federal funds under JHU Subawards are required to certify that they have Conflict of Interest Policy that adheres to 42 CFR part 50.604(a). Any Subrecipient that does not have a compliant policy is required to submit to the JHU policy and receive training under that policy.
Does a subrecipient need a single audit?
If the subrecipient is required to have a Single Audit, and it is not their first Single Audit, the pass-through entity may determine them to be lower risk. This is because they will have had experience with federal funding. A Single Audit is required if the organization expends $750,000 or more in federal assistance.
What is the difference between a subrecipient and a contractor?
A contractor is defined as an entity that receives a contract. A subrecipient is defined as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program, but does not include an individual that is a beneficiary of such a program.
What triggers a single audit?
$750,000
Single Audit, previously known as the OMB Circular A-133 audit, is an organization-wide financial statement and federal awards’ audit of a non-federal entity that expends $750,000 or more in federal funds in one year.
What is Sefa?
The SEFA is a supplemental schedule to the financial statements that an organization is required to produce when it is subject to the single audit requirement. The single audit requirement is triggered when the federal expenditures reported on the SEFA exceed $750,000 or more over the organization’s fiscal year.